Back to Search
Start Over
Reassessing competition concerns in electronic communications markets
- Publication Year :
- 2014
-
Abstract
- Central features of today's electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two?sided business models that partly involve indirect revenue generation (such as advertising and data profiling), and a patchwork of regulated and unregulated segments of the market. This complexity requires a fresh look at the market forces shaping the industry and a rethinking of market definitions and of the assessment of market power. This article presents the state of play in European electronic communication markets, with a particular emphasis on the recent development of 'over the tops'. We also use a stylised model of an electronic communications market to draw some central lessons from economic theory and to elaborate on market definition and market power. Today's electronic communications markets are complex.They are characterised by complementarities along the value chain and two-sided platforms at infrastructure and content level.This complexity requires a fresh look at the market forces shaping the industry.It also requires a rethinking of market definitions and of the assessment of market power.This article addresses these issues with a particular emphasis on the recent development of 'over the tops'.
- Subjects :
- Factor market
Economics and Econometrics
OTT
jel:D82
Library and Information Sciences
Management, Monitoring, Policy and Law
Network effects
jel:L41
Relevant market
Management Information Systems
Marketpower
jel:L86
Market analysis
Economics
ISP
Market power
telecommunications,OTT,relevant market,two-sided markets,market power
Industrial organization
Communication
Market system
Nonmarket forces
Market microstructure
Two‐sided markets
jel:L51
jel:L96
jel:L13
Market share analysis
Telecommunications
Information Systems
Subjects
Details
- Database :
- OpenAIRE
- Accession number :
- edsair.doi.dedup.....c4cbbd65cd3203c8ef55466f3cf820e8